Beginner Forex book

Beginner Forex book will guide you through the world of trading.

The most important things to start trading
Enter your e-mail, and we will send you a free Beginner Forex book

Thank you!

We've emailed a special link to your e-mail.
Click the link to confirm your address and get Beginner Forex book for free.

FBS Mobile Personal Area

FREE - In Google Play

View
EUR/USD and its patterns

EUR/USD and its patterns

Information is not investment advice

EUR/USD stabilized last week around 1.1180. The price action seen at the H4 chart resembles an inverted “Head and Shoulders” pattern with a neckline at 1.1250. The size of the pattern assumes that the euro might be able to recover to 1.1320 area. The bigger resistance is at 1.1350 (100-day MA). This level will likely limit any possible advance of the euro and attract plenty of sellers.

At the same time, if EUR/USD slides below 1.1250, the targets will be at 1.1230 and 1.1190.

Volatility will be high on Wednesday due to the press conference of the European Central Bank at 15:30 MT time. Given the fundamentals, buy trades seem to be riskier than sell trades for the euro.

EURUSD h.png

Similar

Oil is testing support

The recovery of WTI last week met resistance in the 54.60 area. The price formed a gap down on the mounting fears about the coronavirus.

oil
Levels to trade USD/MXN

The volatility in USD/MXN has jumped. The pair is correcting up within the downtrend, which has been in place since September.

Popular

Choose your payment system

Learn more